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On May 5, the price of a share of FaceBook is $209. You purchase one June Facebook $200 put option for a premium of $6.
On May 5, the price of a share of FaceBook is $209. You purchase one June Facebook $200 put option for a premium of $6. Ignoring transaction costs, the break-even price of the position at the expiration is
| A. | $215 | |
| B. | $200 | |
| C. | $194 | |
| D. | $203 | |
| E. | $206 | |
| F. | $209 |
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